803 2ND Avenue S 803/807, Jacksonville Beach, FL 32250

$456,000
Property Type: Residential Bedrooms: 4 Baths: 2 Square Footage: 1,222 Lot Size (sq. ft.): 4,792 Status: Closed
Current Price: $456,000 List Date: 1/12/2024 Last Modified: 3/01/2025

Overview

Description

**MULTIPLE OFFERS - HIGHEST AND BEST DUE THURSDAY (1/11/2024) at 5:00 PM** Welcome to a rare investment gem located in fast-growing and desirable Jacksonville Beach, Florida. 1031 EXCHANGE WELCOME with QI already in place. TENANTS RESPONSIBLE FOR LAWN CARE! This spacious and well-maintained duplex presents an exceptional opportunity to maximize your returns with a projected 4% OVERALL PROFORMA CAPITALIZATION RATE calculated at market rent and current asking price! OTHER INCOME AVAILABLE (W/Ds)! Currently cash flowing a total monthly gross rental income of $2,575 ($30,900 annum), thanks to two reliable tenants under one-year attorney-drawn lease agreements. WASHERs/DRYERs convey BOTH UNITS! Rents currently below market value due to the owner's philanthropic approach, providing significant room to increase rents and enhance your cash flow.

Listing Details MLS# 2002297

General Property Information

Bedrooms Total
4
Bathrooms Full
2
Bathrooms Total
2
Living Area
1222
Living Area Source
Public Records
Year Built
1957
Lot Size Acres
0.11
Association YN
No
CDD Fee YN
No
Accessibility Features YN
No
New Construction YN
No
Garage YN
No
Carport YN
No
Pool Private YN
No
Water Body Access YN
No
Waterfront YN
No
Furnished
Unfurnished
Stories
Yes
Senior Community YN
No
Directions
From Beach Blvd Go South On 9th St, Left On 2nd Ave South.
Public Remarks
**MULTIPLE OFFERS - HIGHEST AND BEST DUE THURSDAY (1/11/2024) at 5:00 PM** Welcome to a rare investment gem located in fast-growing and desirable Jacksonville Beach, Florida. 1031 EXCHANGE WELCOME with QI already in place. TENANTS RESPONSIBLE FOR LAWN CARE! This spacious and well-maintained duplex presents an exceptional opportunity to maximize your returns with a projected 4% OVERALL PROFORMA CAPITALIZATION RATE calculated at market rent and current asking price! OTHER INCOME AVAILABLE (W/Ds)! Currently cash flowing a total monthly gross rental income of $2,575 ($30,900 annum), thanks to two reliable tenants under one-year attorney-drawn lease agreements. WASHERs/DRYERs convey BOTH UNITS! Rents currently below market value due to the owner's philanthropic approach, providing significant room to increase rents and enhance your cash flow.
List Price/SqFt
368.25
Sold Price/SqFt
373.16

Property Features

Appliances: Dryer; Electric Oven; Electric Range; Electric Water Heater; Microwave; Refrigerator; Washer Flooring: Carpet; Tile Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Electricity Connected; Sewer Connected Cooling: Central Air; Electric Heating: Central; Electric; Heat Pump Water Source: Public Sewer: Public Sewer Security Features: Smoke Detector(s) Construction Materials: Concrete Pool Features: None Roof: Shingle Parking Features: On Street; Other Lot Features: Corner Lot Current Use: Residential Road Surface Type: Asphalt Possession: Other Listing Terms: Cash; Conventional; Lease Option; Lease Purchase Contingency Reason: Inspection

Contract Information

Property Sub Type
Single Family Residence
Listing Contract Date
2023-11-02

Location Tax and Legal

Street Number
803
Street Name
2ND
Street Suffix
Avenue
Street Direction Suffix
S
County
Duval
State
FL
Postal Code
32250
MLS Area Major
214-Jacksonville Beach-SW
Subdivision Name
Pablo Beach South

Status Change Information

Major Change Timestamp
2024-02-20T23:51:46Z
Major Change Type
Status Change
Purchase Contract Date
2024-01-12
Close Date
2024-02-20
Close Price
456000

DPR Eligible

DPR Eligible
No

More Information

Historical Information

Public Historical Remarks 1
Type-Multi Units: Y, Occupancy Rate: 100, Lot Location-Suburban: Y, Possible Financing-Sellr May Pay Closing: Y, Possible Financing-1031 Exchange: Y, Number of Buildings: 1 Building, Present Rental Terms: Year, Two Bedroom Rentals: Over $1500/Month, Energy Features-Ceiling Fan(s): Y
Public Historical Remarks 2
Restrictions-Smoking Prohibited: Y, Restrictions-Pet Fee (No Refund): Y, Annual Rent: 30900.00, # 2 Bedroom Units: 2, Split Bedroom: Y, Present Tenant Exp: All Electric,Security Deposit,Key Deposit,Sewer,Water
Public Historical Remarks 3
Type: Multi Units, Occupant Type: Occupied, See ShowingAssist, Special Instructions
Listing Office: PACIFICO PROPERTIES
Source MLS Verified
Last Updated: March - 01 - 2025
Information deemed reliable but not guaranteed.